this is just ridiculous now... sell sell selll down... the games post auction is just crazy / insane.. shows the games being played post auction with this stock.... from mid/high 4's to 2.8c today.. sad state of affairs seeing it dwindle down to a measly $15M market cap with its mineral sands/ upcoming concrete business to come online... advanced gold drilling of an old mine that has had extensive gold mined+ only ceased operations due to a low gold price when abondoned + not having the technology we have now to be able to drill safely with the water down there... the delay of vic labs of 4-6 weeks hasnt helped at all with this sell down with impatient holders but hoping with a floor from its recent cap raise... that it hasnt got much more to drop + successful high grade gold hits will help get cxu back to a more reasonable market cap that reflects the true value cxu represents with quality projects.....
i have opted to not even mention the uranium assets that cxu hold for the sole purpose that ... however great they may be... i personally consider the uranium projects of cxu as a free carry for holders with the non mining rule in wa at present.. however great the assets are , it doesnt mean much atm if not able to be mined + to extract value so unless wa change their position on mining uranium in wa or they are able to sell their uranium aseets to extract value- i see their current projects as being worth more then the laughable $15M mcap they sit at with a share price of 2.8c
CXU Price at posting:
2.8¢ Sentiment: Buy Disclosure: Held
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